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Gold Edges Lower as Focus Turns to Fed Meeting Minutes

Investors are looking to the US Federal Reserve's September meeting minutes for clues regarding the future path of interest rates.


A gold bullion bar, 2009
A gold bullion bar, 2009 · Photo: Szaaman · Public domain · Wikimedia Commons

Gold prices slipped slightly and traded largely flat on Wednesday as investors awaited the release of meeting minutes from the US Federal Reserve, news agency Reuters and The Business Times reported.

According to the reports, market attention is focused on the minutes from the central bank's September gathering for clues regarding policymakers' intentions on the future interest rate path, particularly whether they remain inclined to pursue further rate hikes. Further details have not yet been released.

Sources: MyJoyOnline, Reuters, The Business Times

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